Q2 of 30 Page 125

Ganesh invested Rs 50,000 in a nationalized bank for 2 years at the rate of 9 p.c.p.a at compound interest. What amount will Ganesh receive from the bank at the end of 2 years?

Given: Principal (P) = Rs. 50,000, Rate of Interest (R) = 9% and Number of years (n) = 2year

As Amount (A):





⇒ A = Rs. 59,405


Amount received by Ganesh from bank in 2 year = Rs 59,405.


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